View more on these topics

Employee share schemes

For a change, although it is hardly surprising given the activity that has taken place over the past few years, there have been no proposals in this years budget on employee share schemes.

In the light of this relatively “settled period” for employee share schemes we thought you might value a “drawing of breath” and a summary of the existing schemes available. For this purpose we have broken the schemes down into

– share option schemes


– “other schemes

Share option schemes

– Unapproved share option scheme

– SAYE scheme

– (discretionary) Approved share option scheme

– Enterprise management incentive (EMI)

“Other” schemes

– Approved profit sharing scheme (no further awards after 5 April 2002)

– All employee share scheme (providing free shares, partnership shares, matching shares and dividend shares)

To these, must be added

– Employee trusts (approved and unapproved


– Funded unapproved retirement Benefit Schemes


Lenders escape stealth tax

The Chancellor&#39s decision not to increase stamp duty on residential property has surprised commentators who believed a hike was in the offing to moderate the booming housing market and generate Government income. Overall the move has been welcomed and will relieve the Council of Mortgage Lenders which had accused the Government of using it as […]

Boards have responsibility for wp says KPMG

Ultimate responsibility for operating with-profits fairly and prudently is the responsibility of board directors says consultancy KPMG in its submission to the FSA&#39s review.Ensuring fair treatment of consumers, transparency of policy terms and the soundness of a life office&#39s financial position must fall firmly at the doors of the boards, KPMG says.With-profits life offices should […]

Tories to call for wider use of PMI

Conservative leader Ian Duncan Smith will reject expected tax rises in this week&#39s budget, proposing wider use of private medical insurance and pay as you go treatment instead.According to the Sunday Telegraph, Duncan Smith will oppose what has been tipped to be as high as £7bn in tax rises to pay for the NHS.

Property investment hit: Mark Chilton, mortgage consultant

The residential property market will be breathing a sigh of relief that the Chancellor has not hiked stamp duty. Although house price inflation remains strong, recent history has shown that the upper end of the housing market is impervious to marginal increases in this tax . I suspect the Chancellor realised that an increase would […]


News and expert analysis straight to your inbox

Sign up


    Leave a comment


    Why register with Money Marketing ?

    Providing trusted insight for professional advisers. Since 1985 Money Marketing has helped promote and analyse the financial adviser community in the UK and continues to be the trusted industry brand for independent insight and thought leadership.

    News & analysis delivered directly to your inbox
    Register today to receive our range of news alerts including daily and weekly briefings

    Money Marketing Events
    Be the first to hear about our industry leading conferences, awards, roundtables and more.

    Research and insight
    Take part in and see the results of Money Marketing's flagship investigations into industry trends.

    Have your say
    Only registered users can post comments. As the voice of the adviser community, our content generates robust debate. Sign up today and make your voice heard.

    Register now

    Having problems?

    Contact us on +44 (0)20 7292 3712

    Lines are open Monday to Friday 9:00am -5.00pm